Juniper Networks, Inc. (NYSE:JNPR) Position Boosted by Twin Securities Inc.

Twin Securities Inc. lifted its stake in Juniper Networks, Inc. (NYSE:JNPR) by 760.3% in the third quarter, Holdings Channel.com reports. The firm owned 678,257 shares of the network equipment provider’s stock after acquiring an additional 599,420 shares during the quarter. Juniper Networks comprises 29.8% of Twin Securities Inc.’s portfolio, making the stock its largest holding. Twin Securities Inc.’s holdings in Juniper Networks were worth $26,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in JNPR. Larson Financial Group LLC boosted its position in Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 745 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Juniper Networks during the 2nd quarter worth about $31,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Juniper Networks during the 2nd quarter valued at about $36,000. Venturi Wealth Management LLC grew its stake in shares of Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after buying an additional 447 shares in the last quarter. Finally, Quarry LP increased its holdings in Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after buying an additional 644 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Barclays reduced their target price on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Citigroup reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Finally, StockNews.com began coverage on Juniper Networks in a report on Monday, September 16th. They set a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.50.

Juniper Networks Stock Performance

Shares of JNPR opened at $35.92 on Friday. The company has a market capitalization of $11.89 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 11.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. Juniper Networks, Inc. has a one year low of $27.87 and a one year high of $39.79. The company’s fifty day moving average price is $38.31 and its 200 day moving average price is $37.45.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.45%. Juniper Networks’s payout ratio is 115.79%.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.